My company just started running payroll with qb, when does the taxes come out of the bank account? Does it do it the next business day or it takes few days? Thanks
It depends on the type of tax you've paid, esrendition.
Right after running payroll, you'll have to pay your taxes. Then, the processing time depends on whether it's a Federal Tax or State Tax.
For Federal Taxes, the IRS will withdraw the funds from your bank account on the payment date. As for the State Tax, this varies from state to state. However, most of the states must process the payment two banking days before the payment before 5 PM PST.